Electricity Prices to Increase by PKR 1.95 Per Unit

The energy ministry has announced a price hike of PKR 1.95 per unit in electricity due to high circular debts.

The energy ministry has announced a price hike of PKR 1.95 per unit in electricity due to high circular debts.

According to sources, it was initially expected that there could be a hike of PKR 2.18 per unit. Later it was decided to increase just 23%.

According to the minister, the current government has received high debts from the previous government which in turn is causing this trouble of increasing the tariff.

The minister added:

They left a huge deficit of Rs227 billion deficit until 2019 and we have to pay it.

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